Amazon intends to spend $1 billion every year on movies for theaters

Amazon-Prime-Video-1

Amazon plans to produce 12 to 15 films a year for theatrical release. Given that Universal and Warner have nearly comparable budgets, the investment might increase revenues by 15%–20%.

Next year, Amazon will distribute fewer movies in theatres, but it will gradually expand that number. It has the same number of releases as well-known studios like Paramount Pictures.

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